Save $20 off with the promo code: "20BUCKSOFF"
Allianz Q3 reports 2bn net loss
Allianz, the German insurance giant, reported a third quarter net loss of over ?2bn, compared to a ?1.9bn net gain in the same period last year. The major part of the losses came from problems at its investment bank Dresdner, which accounted for amore
Berkshire Hathaway Q3 net income drops 77%
Third quarter profits at financial services behemoth Berkshire Hathaway dropped 77% to $1.06bn, down from $4.55bn a year earlier. While the underwriting book was still quite strong, Berkshire's investments took a hammering. Investment losses fell frommore
Allianz Q3 reports 2bn net loss
Allianz, the German insurance giant, reported a third quarter net loss of over 2bn, compared to a 1.9bn net gain in the same period last year. The major part of the losses came from problems at its investment bank Dresdner, which accounted for a net lossmore
AIG Assets Sales Gather Steam
Struggling insurance conglomerate is expected to reach deals to sell its U.S. personal lines unit and an equipment insurer by the year end, reports Reuters. New York-based giant AIG is expected to clinch a deal soon to sell its U.S. personal linesmore
Weekend tips round-up: Old Mutual, Rentokil, Mears
The bold investor may take a punt on Old Mutual shares in light of more positive developments in the US business. But Old Mutual is also the most risky investment in the insurance sector and investors will find more stability elsewhere. Avoid says themore
Ask Mint | Balance savings with insurance
The insurance business in India isn?t just growing, but also becoming more sophisticated in terms of product offerings. To help readers keep ahead of developments in this business, Mint features a Q&A on insurance every Monday.My spouse and I aremore
Media Advisory - Allstate Insurance Company of Canada
HAMILTON, ON, Nov. 9 /CNW/ - Christianne Dostie, Executive Vice President of Allstate Canada and Tim Currie, Assistant Vice President, Allstate Insurance Compnay will be on hand to celebrate the grand opening of two new Allstate Insurance Agency's inmore
Tight rules may have saved RP insurance
THE FINANCIAL TURMOIL that has sent some corporate giants in the United States into a tailspin, has changed the way Philippine insurers view the local regulatory environment--something they used to describe as 'absurdly tight.' Prior to the US financialmore
AIG's Plan D
After nearly eight weeks of questions, the world is likely to get some answers Monday about exactly what's going on with American International Group, the official insurance company of the United States. The bedragged stock of American Internationalmore
AIG in talks with Fed over new bailout package
AIG is believed to have sought a new bail-out package from the US government in less than two months after the insurance giant received a loan of USD 85 billion from the Federal Reserve, says a media report. 'AIG is asking the US government for a newmore
Weekend tips round-up: Old Mutual, Rentokil, Mears
LONDON (SHARECAST) - The bold investor may take a punt on Old Mutual shares in light of more positive developments in the US business. But Old Mutual is also the most risky investment in the insurance sector and investors will find more stabilitymore
Disney World trip for seriously ill girl in doubt because of insurance problems
Hannah Jones due to fly out to Florida with her parents, Andrew, 42, Kirstie, 41 and brothers and sisters, Oliver, 12, Lucy, 10, and Phoebe, four, in three weeks' time. But instead of getting excited they are facing the heartbreaking prospect of hermore
Hospitals Hoping for Increased Insurance Coverage As Economy Falters
/ HLS / IHF / IPCM / ODSY / PTJ / THC / XLV Mike Havrilla About this author: Visit: Blog Site Visit: RSS Feed Font Size: Print Email (click to enlarge) The combination of a bad economy and rising unemployment is contributing to unpaid bills and operatingmore
Introspective -- By Cayetano Paderanga, Jr.: "Deposit insurance quandary"
Introspective ? By Cayetano Paderanga, Jr. : ?Deposit insurance quandary? Yellow Pad ? By Filomeno S. Sta Ana III : ?Thaksin and Gloria? Story tools Vol. XXII, No. 76 Monday, November 10, 2008 | MANILA, PHILIPPINES Introspective By Cayetanomore
Cigna downgraded to ?negative?
The outlook of Cigna Corp., a Philadelphia-based health insurer, has been downgraded to ?negative? by Standard and Poor?s of New York. The ratings agency also gave Cigna?s subsidiary Connecticut General Life Insurance Co. in Bloomfield amore
Allianz Egypt Launches a brand new "Health Plus" program offering world class health services nationwide
As the next step in a continued emphasis on customer needs, Allianz Egypt, the world-renowned insurance services provider, has reinforced its leadership within the insurance market. Allianz Egypt recently launched its brand new 'Health Plus' program inmore
Insurer EC block exception renewal still under threat
Eithne McCarthy, a member of the Competition Directorate of the European Commission, speaking at a London seminar, said that 57 replies had been received from the industry relating to the block exemption for insurance due to expire in March 2010. Shemore
New business down 4% at Old Mutual
m at Old Mutual for the nine months. South Africa and Scandinavia shone but Skandia UK dipped by18% to 464m.more
Insurance BPO to grow says report
Business process outsourcing (BPO) in insurance will grow once short term action has been taken over the credit crunch says BPO analysts NelsonHall. In a new report, NelsonHall says 55% of insurers will purchase or seriously evaluate use of BPO servicesmore
Net loss at Allianz
Allianz has posted a net loss of E2.02bn for the third quarter-the result includes a E1.2bn net loss from Dresdner Bank which it is selling to Commerzbank. Revenue was down 3.8% at E21.1bn and operating profit on continued operations dropped 39% tomore
Life & Other Direct Insurance Carriers in the US
Research and Markets (http://www.researchandmarkets.com/research/749dd0/life_other_direc) has announced the addition of the ' ' report to their offering.more
Manulife net income halves
Manulife Financial Corporation has reported quarterly shareholders' net income of $510m compared to $1,070m. The sharp declines in global equity markets reduced reported earnings in the quarter by $574m and credit losses related to previously disclosedmore
Life new business down at AXA
AXA has posted life and pensions new business down 7.8% at E16bn for the nine months. General insurance revenue was up 2% at E20.03bn. The French insurer said that its solvency position was strong, reports Dow Jones.more
AMP completes first stage of capital raising
AMP has completed its first stage of capital raising valued at AD550m, reports The Sydney Morning Herald. The proceeds will be used to improve its capital position.more
Third quarter net profit down 99% at Munich Re
Munich Re has posted net profit of E7m compared with E1.20bn, for the third quarter. Net investmrnt income dropped 66% to E674m. The reinsurer is estimating full year net profit of 'well above E2bn', lower than the previous estimate of E3bn to E3.4bn,more
AXA Investment Managers Third Commodity ETF Starts Trading On Deutsche Borse
AXA Investment Managers (AXA IM) and BNP Paribas have started trading - on the Deutsche Borse ETF platform, XTF - the EasyETF GS Ultra-Light Energy (EasyETF GSUE) ETF run by AXA Investment Managers. It is the first ETF based on the ultra-light energymore